Ashnoor Textile Mills Ltd (ASHNOOR) Share Price & Fundamentals

What we do

Ashnoor Textile Mills Ltd manufactures and exports high-quality terry towels primarily to the US hospitality sector, with diversified production in cotton spinning and weaving.

Founded in

1,984

Market share

Leading supplier of medium to large hotel chains in the terry towels segment.

Problem solved

Provides premium towelling products that enhance comfort and hygiene in hospitality and retail markets.

Top clients or who we serve

Hospitality industry, medium to large hotel chains, B2B export market.

Key management

Suneel Gupta (Managing Director), Dr. Sangeeta Gupta (Whole Time Director), Naresh Kumar Aggarwal (Independent Director).

Our journey and innovations

Started as Gupta Carpets Udyog in 1984; expanded through multiple rights issues; established 100% EOU terry towel unit in 1993; diversified into cotton spinning and fabric weaving.

Where we operate

Operations mainly in India with exports to the United States.

Top products or what we offer

Wide range of terry towels including white, colored, pool, and kitchen towels; also bath robes, jerseys, and cotton fabrics.

Top brands

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Raw materials needed

Cotton mainly sourced for spinning and weaving processes.

Raw materials supplier

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Recurring vs cyclical contribution

Revenue primarily driven by cyclical orders from the textile and hospitality sector.

Our industry position

Key player in India’s terry towel manufacturing, strong presence in export markets, especially the US.

Financial highlights

FY 2024-25 revenue INR 178.48 Cr, net profit INR 15.96 Cr, income grew 38.2% YoY.

Geographical revenue split

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Order book

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Whats driving growth

Demand growth in US market, capacity expansion, product diversification, and strong client relationships.

Our future plans

Focus on scaling production capacity and enhancing product offerings for hospitality and retail sectors.

Our green promise

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Our people and values

Committed workforce with experienced leadership, emphasizing compliance and corporate governance.

Key challenges ahead

Managing market volatility, raw material price fluctuations, and competitive export markets.

Interesting facts

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Risks and strategy

Risk management framework in place; focus on operational efficiency and compliance with regulations.